ERGRA VISION
ActiveERGRA VISION has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €985k and a net result of €132k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-9
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.91 against 2.39 in 2023), and 32.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.9%
Return on assets
9.1%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2023
8 d late
2022
3 d late
2021
4 d late
2020
26 d late
2019
1 d early
2018
8 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€985k▲ 28.3%
2023 · €768k
2019: €313k
2020: €351k
2021: €452k
2022: €652k
2023: €768k
2019 → 2025
Total assets
€1.45M▲ 32.3%
2023 · €1.10M
2019: €728k
2020: €679k
2021: €798k
2022: €1.05M
2023: €1.10M
2019 → 2025
Net result
€132k▲ 13.9%
2023 · €116k
2019: €67k
2020: €37k
2021: €101k
2022: €200k
2023: €116k
2019 → 2025
Working capital
€420k▲ 14.2%
2023 · €368k
2019: €127k
2020: €84k
2021: €159k
2022: €321k
2023: €368k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€351k-€452k▲ 28.8%€652k▲ 44.3%€768k▲ 17.8%€985k▲ 28.3%
Operating result€67k-€142k▲ 113%€297k▲ 109%€160k▼ 46.0%€193k▲ 20.3%
Net result€37k-€101k▲ 171%€200k▲ 98.1%€116k▼ 41.9%€132k▲ 13.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2023.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.45M
Fixed assets
€812k▲ 75.1%
Current assets
€639k▲ 1.0%
Equity and liabilities €1.45M
Equity
€985k▲ 28.3%
Debt
€466k▲ 41.8%
The debt ratio rises from 30.0% to 32.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€246k▲
2023 · €197k
Cash flow
€186k▲
2023 · €153k
Solvency
67.9%▼
2023 · 70.0%
Current ratio
2.91▲
2023 · 2.39
Quick ratio
2.74▲
2023 · 2.23
Debt / equity
0.47▲
2023 · 0.43
ROE
13.4%▼
2023 · 15.1%
ROA
9.1%▼
2023 · 10.6%
Interest coverage
29.90▼
2023 · 35.96
Debt
€466k▲
2023 · €329k
Debt ≤ 1 year
€219k▼
2023 · €265k
Debt > 1 year
€239k▲
2023 · €55k
Income taxes
€60k▲
2023 · €54k
Staff costs
€272k▲
2023 · €215k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2023
Balance sheet
Code20232025
Assets
Total assets20/58€1.10M€1.45M▲
Fixed assets21/28€464k€812k▲
Intangible fixed assets21€1k€934▼
Tangible fixed assets22/27€463k€673k▲
Land and buildings22€386k€622k▲
Plant, machinery and equipment23€25k€16k▼
Furniture and vehicles24€8k€4k▼
Other tangible fixed assets26€44k€31k▼
Financial fixed assets28-€139k
Current assets29/58€633k€639k▲
Stocks and contracts in progress3€43k€37k▼
Stocks30/36€43k€37k▼
Amounts receivable within one year40/41€291k€262k▼
Trade receivables40€40k€97k▲
Other amounts receivable41€252k€166k▼
Current investments50/53€109k€120k▲
Cash at bank and in hand54/58€164k€204k▲
Deferred charges and accrued income490/1€26k€16k▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.45M▲
Equity10/15€768k€985k▲
Contributions10/11€50k€50k=
Capital10€50k-
Issued capital100€50k-
Reserves13€613k€830k▲
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k-
Reserves not available under the articles1311-€5k
Tax-exempt reserves132€80k€80k=
Distributable reserves133€529k€746k▲
Profit (loss) carried forward14€105k€105k=
Amounts payable17/49€329k€466k▲
Amounts payable after more than one year17€55k€239k▲
Financial debts170/4€55k€239k▲
Amounts payable within one year42/48€265k€219k▼
Current portion of amounts payable after more than one year42€74k€41k▼
Trade debts44€63k€85k▲
Suppliers440/4€63k€85k▲
Taxes, remuneration and social security45€109k€88k▼
Taxes450/3€71k€34k▼
Remuneration and social security454/9€38k€54k▲
Other amounts payable47/48€19k€6k▼
Accrued charges and deferred income492/3€9k€8k▼
Income statement
Code20232025
Remuneration, social security and pensions62€215k€272k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€54k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€417k€523k▲
Operating profit (loss)9901€160k€193k▲
Financial income75/76B€15k€8k▼
Recurring financial income75€13k€8k▼
Non-recurring financial income76B€2k-
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€170k€192k▲
Income taxes67/77€54k€60k▲
Profit (loss) for the period9904€116k€132k▲
Profit (loss) for the period to be appropriated9905€116k€132k▲
Appropriation of the result
Profit (loss) to be appropriated9906€221k€237k▲
Profit (loss) brought forward from the previous period14P€105k€105k=
Transfer to equity691/2€116k€132k▲
To other reserves6921€116k€132k▲
Social balance
Average headcount (FTE)90874.65.1▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
31-03
Financial
Highest result since 2019net €200k ▲98.1%
Operating result €297k, net result €200k, both a record.
31-03
Financial
Equity above €500kEq €652k ▲44.3%
4 profitable years in a row build equity to €652k.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
31-03
Financial
Weakest financial yearnet €37k ▼44.7%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 34 days late
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 185 days late
2015
26-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Snassersweg 131730 AsseGround area
2.0 ha
Building footprint
1.2 ha
Volume, LiDAR
110,961 m³
2 parcels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ERGRA VISION
since 20112.202.619.778
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038C0286/00E000 | Flanders | 1.9 ha | 1 · 1.2 ha | 13.0 m · 3 fl. |
| 23002A0194/00X000 | Flanders | 630 m² | 1 · 107 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 7,669 EUR awarded · 7,669 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 825 EUR | 825 EUR |
| 2024 | 1 | 6,844 EUR | 6,844 EUR |
Schemes
Subsidies voor internationaal ondernemen
Similar companies · same sector, comparable size
LASERTOPO
BE 0838.823.138
Zottegem · Eq €1.01M
RODENSTOCK BENELUX
BE 0478.021.839
Aartselaar · Eq €958k
SILHOUETTE BENELUX
BE 0430.173.917
Antwerpen · Eq €1.08M
DEGROCO
BE 0458.082.104
Herent · Eq €1.11M
SODEPA
BE 0430.256.861
Antoing · Eq €854k
Of 248 companies in sector 46432 we hold annual accounts for 170. 110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-2011
Fiscal year end31-03
Activities, NACEBEL
46432Wholesale trade
46460Wholesale of pharmaceutical and medical goods
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.